REG-Director/PDMR Shareholding

AmaroqAnnouncement

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Reykjavík, Feb. 17, 2026 (GLOBE NEWSWIRE) --

(“Amaroq” or the “Company”)

Notification of Transactions of Directors/Persons 
Discharging Managerial Responsibilities (PDMRs)

TORONTO, ONTARIO – 17 February 2026 – Amaroq Ltd. (AIM, TSX-V, NASDAQ
Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation
focused on unlocking Greenland’s mineral potential, announces that it was
informed that Eldur Olafsson (Chief Executive Officer), and Joan Plant
(Interim COO) sold 476,442 and 61,756 common shares, respectively, of no par
value in the Company to cover taxes related to the earlier vesting of
Restricted Share Units (the “RSUs”) announced on 13 February 2026. This
brings Eldur Olafsson’s total holding to 16,579,383 shares and Joan
Plant’s to 489,251 shares in the Company.

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
AND THEIR CLOSELY ASSOCIATED PERSONS

 1.  Details of the person discharging managerial responsibilities/person closely associated                                                                                                               
 a)  Name:                                                                                              1) Eldur Olafsson 2) Joan Plant                                                                    
 2.  Reason for the notification                                                                                                                                                                           
 a)  Position/status:                                                                                   1) Director and Chief Executive Officer 2) Interim COO                                             
 b)  Initial notification/Amendment                                                                     Initial notification                                                                               
 3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                         
 a)  Name                                                                                               Amaroq Ltd.                                                                                        
 b)  LEI:                                                                                               213800Q21S5JQ6WKCE70                                                                               
 4.  Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted     
 a)  Description of the financial instrument, type of instrument: Identification code:                  Common shares of no par value in Amaroq Ltd.   ISIN: CA02311U1030                                  
 b)  Nature of the transaction:                                                                         Sale of common shares of no par value in Amaroq Ltd. to cover taxes in earlier vesting of RSUs     
 c)  Price(s) and volume(s):                                                                            Price(s) Volume(s) 1) 114p 476,442 2) 114p 61,756                                                  
 d)  Aggregated information: * Aggregated volume:                                                       1) 476,442; 2) 61,756 114p                                                                         
     * Average price:                                                                                                                                                                                      
 e)  Date of the transaction(s):                                                                        February 16, 2026                                                                                  
 f)  Place of the transaction                                                                           AIM                                                                                                

Enquiries:
Amaroq Ltd. C/O         
Ed Westropp, Head of BD and Corporate Affairs
                        
+44 (0)7385 755711
ewe@amaroqminerals.com

Eddie Wyvill, Corporate Development
                        
+44 (0)7713 126727
ew@amaroqminerals.com

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500

Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980

Further Information:

About Amaroq 
Amaroq’s principal business objective is the identification, acquisition,
exploration and development of gold and strategic metal assets in Greenland.
The Company’s flagship asset is the 100%-owned Nalunaq Gold Mine, currently
in production and ramp up, and supported by a growing pipeline of high-grade
satellite gold targets across South and West Greenland.

Amaroq also acquired a 100% interest in the Black Angel zinc-lead-silver
project in West Greenland, historically one of Greenland’s highest-grade
base metal operations, where the Company is advancing studies to evaluate the
potential for future redevelopment as part of its emerging West Greenland Hub
strategy.

Beyond gold and base metals, Amaroq controls a broad portfolio of strategic
metal licences across South Greenland, including advanced exploration projects
at Stendalen (copper-nickel sulphides) and within the Sava Belt, where the
Company is exploring for copper, nickel, rare earth elements and other
critical minerals.

Amaroq is continued under the Business Corporations Act (Ontario) and wholly
owns Nalunaq A/S, incorporated under the Greenland Companies Act

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Inside Information
This announcement does not contain inside information